DiamondRock Hospitality (NYSE:DRH) has been assigned an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.50.
A number of equities analysts have commented on the company. ValuEngine cut DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Barclays reiterated a “hold” rating and issued a $10.00 price objective on shares of DiamondRock Hospitality in a research report on Tuesday, August 13th. Finally, Wells Fargo & Co raised DiamondRock Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 price objective for the company in a research note on Thursday, November 21st.
Several large investors have recently modified their holdings of DRH. Quantamental Technologies LLC bought a new position in DiamondRock Hospitality in the second quarter worth about $54,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of DiamondRock Hospitality by 67.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,047 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 3,241 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of DiamondRock Hospitality by 5,562.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 8,511 shares during the last quarter. Virtu Financial LLC bought a new stake in DiamondRock Hospitality during the third quarter valued at approximately $106,000. Finally, Moody Aldrich Partners LLC purchased a new stake in DiamondRock Hospitality during the second quarter valued at approximately $110,000.
Shares of DRH stock opened at $10.48 on Friday. The business has a 50-day moving average of $10.15 and a 200 day moving average of $10.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.25 and a quick ratio of 1.25. DiamondRock Hospitality has a 1-year low of $8.69 and a 1-year high of $11.22. The stock has a market capitalization of $2.10 billion, a PE ratio of 10.27, a P/E/G ratio of 2.02 and a beta of 1.34.
About DiamondRock Hospitality
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
Further Reading: Momentum Indicators
Receive News & Ratings for DiamondRock Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondRock Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.